Deals

Asset-based lending and term lending are coming together to meet challenges for a wide range of companies under pressure, argues Richard Gumbrecht.

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

Apollo’s $9bn minority equity deal with gas company Oneok may well divert more attention to these kinds of arrangements.

Aston Martin, makers of James Bond’s iconic car, creates a JCrew-style trapdoor – BlackRock is both beneficiary and casualty.

Clean energy debt fund’s fourth vintage alone, on first close, adds over $1bn to total; more jurisdictions widen originations pipeline.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

The firm’s debut credit fund combines a senior secured risk profile with a PE-like value creation thesis, managing partner Ming Eng tells PEI Private Credit.

Houlihan Lokey’s paper offers the theory as Nvidia strikes deals with investment managers that illustrate the practice of AI infra buildout to the tune of $500bn.

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

While some consider payment-in-kind’s origin to be a determinant of eventual outcomes, there are pitfalls in the prevailing logic.